Property profile

1180 Hwy 71st S Mena, AR 71953

OFF-MARKET
Office buildings
Property ID
US05-1712742
3,480 SF 0.51 ac lot Built 1970
Individually Owned 9-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.51-acre commercial property in Mena, Arkansas, presents a unique investment opportunity. Located at 1180 Highway 71 South, 71953, this property boasts a newly rebuilt (2023) 1,250 square foot structure ideal for hospitality use, such as an Airbnb. The home features high-end finishes including granite countertops in the kitchen and bathrooms, a double walk-in shower with granite and tile, and all new kitchen appliances, including a farmhouse sink and double ovens. The property also includes a substantial 40x60 shop with internet access and Govi lighting surrounding both the shop and the home. The picturesque setting overlooks a beautiful lake and several mature pecan trees. The asking price is $595,000. This property offers significant income potential and is ready for immediate use. Detailed specifications are available in associated documents. This is a rare opportunity to acquire a turnkey hospitality business or a luxurious private residence with exceptional amenities in a desirable location. The property is zoned for commercial use.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1970
Total area 3,480 SF
Lot 0.51 ac (22,259 SF)
APN 6000-01976-0200
UPID US05-1712742

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1180 Hwy 71st S Mena, AR 71953-3908
Mena metro Census 950400
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2016
3 recorded transactions
2020
Price N/A
2016
$132,500
2014
$112,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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